Core Viewpoint - The company expects to report a significant increase in losses for the six months ending June 30, 2025, with projected losses attributable to shareholders ranging from RMB 6.4 billion to RMB 6.6 billion, compared to approximately RMB 2.34 billion for the same period ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated increase in losses is primarily due to a substantial decrease in the number of delivered projects, dropping from approximately 13,500 to about 2,000, resulting in a gross profit decline of approximately RMB 1.18 billion [1] - The interest capitalization rate has decreased, leading to a financing cost increase of about 25%, or approximately RMB 382 million [1] - The company expects to recognize impairment losses of approximately RMB 1.97 billion for properties under development and completed properties held for sale, compared to approximately RMB 1.20 billion in the same period last year [1] - Net impairment losses on financial assets are projected to be approximately RMB 1.35 billion, up from approximately RMB 119 million in the same period last year [1] - The company anticipates a net foreign exchange loss of approximately RMB 337 million, compared to approximately RMB 34 million in the same period last year [1]
正荣地产发盈警 预计中期股东应占亏损约64亿至66亿元